The ________ principle of taxation is not often used because it is difficult to determine the values individual taxpayers place on goods and services that are produced using tax revenue.
A. horizontal equity
B. benefits-received
C. vertical equity
D. ability-to-pay
Answer: B
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Let's assume Ben can produce 3 units of a material good (M) or 3 units of a spiritual good (S) in a day, while Cal can produce 1 M or 2 Ss in a day. Which statement below is true?
A) Ben can produce spiritual goods more efficiently than Cal. B) Cal can produce material goods more efficiently than Ben. C) Ben can produce material goods more efficiently than Cal. D) Ben can produce both material and spiritual goods more efficiently than Cal.
What produced the European Payments Union?
(a) The Schumann Plan (b) The Monet Plan (c) The Spaak Plan (d) The Marshall Plan
Why does the U.S. government maintain a monopoly in the delivery of first-class mail? Does the Postal Service nevertheless face other forms of competition?
What are the two policy-making bodies of the Federal Reserve?
A) the Board of Governors and the U.S. Congress B) the Board of Governors and the Federal Open Market Committee C) the Board of Governors and the Presidents' office D) the Federal Open Market Committee and the U.S. Congress